Auto-format links in stored text

Does anyone have a recommended method for auto-formatting links with html within a user-entered field of text?

For example: user can free-form enter a chunk of text into either a text input or textarea such as

“blah blah http://www.something.com blah blah”

Is there a quicker way to identify that link and re-display it as an anchor before I go down the route of building some DB regex function and then displaying it back using an Inner HTML bind…

Thanks all!

The medium editor may help

Thank you kindly for the reply Ben. My users are unfortunately… not that patient for this particular app product. They want to just paste and go and not use an editor. (If they have to do more than they do in slack, which auto-identifies urls, they’re unhappy). In fact, this forum also auto-recognized the link in my original post’s example text and converted it.

I may lean towards a custom solution if nothing is semi-available out of the box…